Euro-Socialism Unravels: The Cyprus Rip-Off

If you needed any additional proof that State Socialists are thieves, all you have to do is look to the example of Cyprus. The EU Commissioners, in their gall, have basically decreed that it is quite alright to rob outright “large depositors” of a huge percentage of their savings, although their earlier attempt to rob all depositors was so vociferously met by the Cypriot people that the Socialists had to back down. Then they “democratically” decided amongst themselves that they could pull the rip-off off if they only hit the “large depositors”, appealing to class hatreds which almost always work on Western Democratic electorates. Since they are only hitting the “rich”, those with just enough to buy a barely habitable home in Euroland, they knew that popular dissent would now not be harsh enough to be able to stop their pulling off the theft. And they have pulled it off.

As with most Socialist Bureaucrats, who have never worked in the real world where their income depended on themselves alone, or their business or employer’s business, but have had their Socialist wages paid out of the public coffers which are almost endless, they do not have any psychological conception of what their holy decisions have on those in the Free-Market economy, who have probably slaved for decades to build up their savings.

Socialist “solutions” always create additional problems which the Socialists never forsee because their thinking is mired in an economic ideology built on false and deeply immoral principles. Economic thinking needs to be based on sound principles, or it will always fail, and since Socialism is based on coercion, violence, the gun and the jail cell (try not paying your taxes and see what happens), it can never match the respect for Individual Rights, based on Natural Law, and non-aggression against Persons and Property, that Libertarianism champions.

What the EU Socialist Commissioners have done is to put every thinking Capitalist in the Western World on notice that if they live in a Socialist Economy (and who doesn’t now? Even Switzerland has vowed to inflate the CHF Franc if it gets too “strong”.), — if they live in such an economy, their savings in any bank are no longer safe, no matter what verbal “guarantees” the government officials gave the public yesterday. From Eastern Poland to Portland Oregon, all Capitalists in between now know that if their country’s banking system collapses, as all these Socialist banking systems eventually will, then their savings are subject to confiscation by the Communists, calling themselves “Social Technocrats” or EU Commissioners, or “The Democrats”.

In America, it is unfortunately comparatively common for a bank robber to be shot to death in the course of robbing a bank. But when the EU Commissioners rob thousands of people of billions of dollars of their savings, they can walk away scott free. Why aren’t they shot as bank robbers, or at least arrested, tried, and jailed for extremely long periods of time, as being a clear menace to Civil Society?

The EU Commissioners are nothing but a bunch of Socialist Looters engaged in full-scale cozenage, and the EU is nothing but a giant Socialist forced-labour, zwang-arbeit, camp, where any individual initiative and excellence is punished to curry to the self-indulgent masses and the government-allied corporations. How outrageous that vegetarians and vegans are forced to pay the medical bills for millions upon millions of meat-eating, booze-guzzling, tobacco-addicts. An outrage!

Let the Cyprus Crime be a warning to all Libertarian Free-Marketeers in the Western World: Either brake the Socialists at the polls by electing radically Free-Market Austrian-School-of-Economics Capitalist Libertarians, who will put the Individual above the State and the Corporations, or face further lifetimes of drudgery under the State Socialists in their alliance with the Corporations, not only for yourself, but also for your families and the generations to come.

So let Cyprus be a warning to all Free-Market Capitalists. And to all Socialists too, for you have forever destroyed the myth of a safe banking-system, under any Socialist Central Bank economy, like the EU, the USA, Canada and Australia.

Just try restoring “investor confidence” now by flapping your lips some more.